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"Girls in sneakers have no future," said Dai Yitian, a 27-year-old female fashion design student, on social media. Her mindset reflects the stereotype that girls should wear dresses and heels, and sportswear is mainly for male consumers, a mindset Nike is tackling head on.

"For foreign companies, China's sizable market and sustainable economic development have drawn great attention from investors. China is the world's second-largest economy, with a huge consumption market, owing to its more than 1.4 billion population and the reform and opening-up policy," said Ozawa.

"For many Chinese, mobile payments have become an essential part of their everyday lives. They not only change the lives of young people, but also provide convenience for the elderly," said Zhang Jianjun, an economist based in Gansu.

"For policymakers and those whose job it is to help shape the global trading environment, China's success is part of the wider story of the re-balancing of the global economy, with nations across Asia and the Far East recording levels of growth far above that of the traditional advanced economies of the Western world, with a consequent shift in global influence," said the trade official.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In the face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit and bankruptcy filing," Li said.